Topic: Definition of Payroll Tax
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Answers to Common Questions
What is the definition of a payroll tax?
The government requires all employers to withhold federal and state payroll taxes from employees' paychecks. Employers are also required to pay their portion of taxes to the government. To avoid fines, these taxes must be paid in an accurat... Read More »
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What are Payroll Taxes?
Payroll taxes are comprised of federal income tax and state income tax. Payroll taxes also include medicare tax and social security taxes. Look here for more information: http://en.wikipedia.org/wiki/Payroll_tax... Read More »
Source: http://answers.ask.com/Business/Finance/what_are_payroll_taxes
How to Figure Payroll Taxes?
Figure payroll taxes using an IRS chart to compute the total amount of federal taxes that needs to be withheld from an employees paycheck. The Social Security tax is computed at 6.2 percent of the gross, and Medicare is 1.45 percent of gros... Read More »
Source: http://answers.ask.com/Business/Finance/how_to_figure_payroll_tax...
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Definition of Payroll Tax
(n.) Tax levied against the amount of wages and salaries paid workers
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More Common Questions
Answers to Other Common Questions
Payroll tax are taxes that you pay from your earnings each pay period. They include FICA, Medicare, Social Security and in some states a State tax as well.
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Source: http://answers.ask.com/Business/Other/what_is_payroll_tax
Calculating payroll taxes include deductions such as taxes for federal, social security, medicare and your state (if applicable). However, you also need to factor in the employee's number of exemptions and additional withholding amounts. Mo...
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Source: http://answers.ask.com/Business/Finance/how_to_calculate_payroll_...
Taxes are defined as a percentage charged to a taxpayer's income for government purposes. This is the government's method of collecting money for public roadways, parks, and other community services.
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Source: http://answers.ask.com/Business/Finance/what_is_the_definition_of...
A payroll-tax expense is a tax paid on payroll, either by the employer or the employee. Payroll-tax expenses add a significant amount to employer payroll beyond simple employee pay, and also usually deduct from the employee's final paycheck...
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Source: http://www.ehow.com/facts_4923347_what-payroll-tax-expense.html
Whether you are an employer or a self-employed person, you must know how to pay payroll tax throughout the year. As an employer, you are responsible for filing a 941 form with your payroll taxes quarterly. If your state has an income tax, s...
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Source: http://www.ehow.com/how_5089294_pay-payroll-tax.html
Many of us look in disgust at the amount of money withheld from our paychecks each and every payday. But the truth is that all the money withheld is for your benefit, not the employer's. The employer is required to transfer the funds from y...
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Source: http://www.ehow.com/about_6171463_payroll-taxes-used-for_.html?re...
